In the IT, I would look for potential support down at the 1090-1100 range to complete wave-c, which is the fib 50% retrace, and in the range of previous support at the wave-b low; the indicator line would likely also be in the range of one of the two lower UTLs. A bounce in wave-d would be next... then ultimately, I look for gold to find its bottom down between 900-1000... the ~890 level is the .618 retrace, and a classic level to complete a correction.... this is still a ways out, so I watch with interest.

While I thought it possible for gold to drop just a bit lower before it bounced, I did feel the higher of the two UTLs on the indicator line would be supportive, and indeed, gold bounced just above the higher of the two UTLs on the indicator line. It's possible to see gold hang around this range for a bit longer, perhaps allowing the indicator line to meet the DTL at the zero level, then resume its downtrend, on down to the ~1000 - ~900 level, before the next leg upward... time will tell.

Haven't updated gold for a while... I though gold would fall a bit deeper to complete the C-wave, but with the development of an EDT, it seems a more shallow wave-e would be in order; the price only needs to move below ~1045 (the previous b-wave of B ) to not be truncated for the move, though a move to under ~1124 (the former c-wave of this leg) would negate a double truncation... twt.

Gold continues to take is sweet-*ss time in working out whatever it needs to work through to either resume the LT uptrend, or complete the IT corrective wave. I've been making tweaks to my favored fractal count for several years now, looking for one more downward move to near the lower channel DTL, in the ~$900 range to complete a wave-II, then back upward to new ATHs, perhaps finally completing it's bull market run up near the $5K range.

As gold stands now, this count is still valid, unless gold moves above the wave-ii:C high of $1338.30, then I would suggest wave-C ended in a truncated manner at the present wave-iii:C low, and that the LT bull market trend is back under way... twt.